Confidence growing among buyers as spring real estate market opens [Globe and Mail, The (Toronto, Canada)]
Bank Nova Scotia Halifax Pfd 3 Ordinary Shares (BNS)
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Source: Globe and Mail, The
“There still is a lack of inventory – I think that's going to change,” says Mr. Rocca, who is preparing to launch several listings in the coming weeks. Some agents do list during school breaks because they figure not every family leaves town and the seller may benefit from competing with fewer rival listings. But Mr. Rocca prefers to wait until more buyers are likely to be home and focused on house hunting. “If you want to cover your bases and get 100 per cent of your market, wait until after March break,” says Mr. Rocca. He viewed one house recently that was listed in March around the $2-million mark with an offer date scheduled for three weeks later instead of the usual one week. The listing agent explained she wanted to give people a chance to return from vacation. “Guess what – it's still sitting on the market,” he says. Mr. Rocca adds that prices are firming up again after sagging during the fall as buyers gain confidence that interest rates are not likely to rise.
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